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Market Highlights
With the growth of technology in every field, there are many purposes for consumer robots, from consumer robots used for cleaning and washing to security and surveillance. The robotics segment dealt with automation at an industrial scale before. But there has been a gradual demand for house robots for daily chores, resulting from the people’s uplifted living standards. As people move into urban spaces and learn the benefits of robots in general life, consumer robots in different areas of domestic life rise, for instance. Most of these consumer robots are semi-autonomous, which reduces the burden of tasks on people while giving them greater control over such machines.
An increased amount of disposable income for people and the need for automation for even simple tasks are drivers of the market. Because of such factors, the Consumer Robotics Market Size will grow at 19 percent in the forecast period. In the aftermath of the pandemic, consumer robots have gone up due to a need for contactless services. The use of IOT devices inside the domestic sphere and smart virtual assistants will propel Consumer Robotics Market demands in the future.
The global consumer robotics market is expected to reach USD ~ 17 billion at a CAGR of over 19% by the end of the forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Consumer Robotics Market Research Report -Forecast to 2023”.
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Key Players
Some of the prominent players in the global consumer robotics market iRobot Corporation (U.S), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Hasbro, Inc. (U.S), WowWee Group Limited (Hong Kong), Parrot SA (France), Google Inc. (U.S), Honda Motors Company Ltd. (Japan), Intuitive Surgical Inc. (U.S), MAKO Surgical Corporation (Florida), Neato Robotics (U.S), Dà-Ji?ng Innovations Science and Technology Co., Ltd (China), 3D Robotics (U.S.), Jibo, Inc. (U.S.), Blue Frog Robotics (France), among others.
Global Consumer Robotics Market Segmentation
The global consumer robotics market is segmented into types, components, verticals, and region. The type is segmented into task robots, surveillance robots, entertainment robots, security robots, educational robots and personal robots and others. The components is segmented into processors, communications technologies, software, microcontrollers, displays, cameras, actuators, power supplies, sensors, manipulators, mobile robots, mobile platforms, wheels, legs, hopping, ball, walking and others. The verticals segment is sub-segmented into consumer robotics segment, into educational, healthcare robotics and industrial robotics and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
Industry News
The Consumer Robotics Industry is supported by the different developmental activities taken up by key companies in the sector. Key enterprises are engaged in continuous research and development of new lines of consumer robots with enhanced capabilities. For example, Da-Jiang Innovations Science and Technology Co., Ltd., a Chinese venture, has invested heavily in the R & D of new robots for an upper edge on its competitors.
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